Comparing Westpac Fixed 5 Years vs NAB Choice Package
| Lender |  |  |
| Home Loan | Fixed 5 Years | Choice Package |
| Interest Rate | 6.99% | 6.29% |
| Summary | The Westpac 5-Year Fixed Rate Home Loan like the other fixed rate loans offered by Westpac allows you to maintain your payments by locking the interest rates at one level while the markets continue to fluctuate up and down. In this case, the term is four years long, but it can vary from 1 all the way to 10 year lengths. […] More | The NAB Choice Package Variable Home Loan provides customers with a lower interest rate than the Standard Variable. The NAB Choice Package Variable Loan provides features that otherwise are not available to customers on the Standard Variable product. […] More |
| Sample Loan Amount | $400,000 | $400,000 |
| Sample Minimum Deposit | $52,000 (13%) | $20,000 (5%) |
| Initial Monthly Repayment | $2,659 | $2,473 |
| Sample Term | 30 years | 30 years |
| Home Loan Type | 5 Year Fixed | Variable |
| Application Fee | $600 | $0 |
| Monthly Fee | $8 | $0 |
| Annual Fee | $0 | $395 |
| Sample Cost 1 Years |
$32,598 | $30,074 |
| Savings After 1 Years |
Save $2,524 | |
| 100% Offset Account |  | |
| Extra Repayments | | |
| Redraw Facility | | |
| Contruction | | |
| More Information |
